In spite of the well publicized real estate slump of 2006, the agents at Crossroads Toms River West Office made successful gains in standing in the Monmouth Real Estate Board roster by moving from #28 in 2005 to #20 in 2006 out of 476 registered real estate offices in Ocean County. Our seasoned professional agents, several new programs, comprehensive marketing plans and quick adjustment to changing market conditions all contributed to this achievement.
Looking forward to 2007, mortgage rates continue to be low, new jobs continue to be created and rising salaries are creating additional demand for homes in our area. Market performance in the past 2 months indicates a stabilization of the “slump of 2006”. State-wide, the number of homes for sale declined for the last 3 months of 2006 allowing inventory to be absorbed. A new tax break for 2007 buyers will come in the form of a tax deduction on mortgage insurance premiums (PMI), typically one-half of 1% of the mortgage. Investment property purchases were approximately 17% of the sales of 2005. Investors who contributed to price increases have now left real estate behind and are pursuing other investment venues.
Recent market improvements have been stimulated by lower prices and greater home affordability. Correct pricing will be essential to successful marketing in 2007. If you are thinking of buying or selling in 2007, call us. We offer several advantages and look forward to serving you. 732-244-2200 or 1800-847-4255
Looking forward to 2007, mortgage rates continue to be low, new jobs continue to be created and rising salaries are creating additional demand for homes in our area. Market performance in the past 2 months indicates a stabilization of the “slump of 2006”. State-wide, the number of homes for sale declined for the last 3 months of 2006 allowing inventory to be absorbed. A new tax break for 2007 buyers will come in the form of a tax deduction on mortgage insurance premiums (PMI), typically one-half of 1% of the mortgage. Investment property purchases were approximately 17% of the sales of 2005. Investors who contributed to price increases have now left real estate behind and are pursuing other investment venues.
Recent market improvements have been stimulated by lower prices and greater home affordability. Correct pricing will be essential to successful marketing in 2007. If you are thinking of buying or selling in 2007, call us. We offer several advantages and look forward to serving you. 732-244-2200 or 1800-847-4255
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